KeyOption Review

by Martin Kay

Editor’s Note – Why Does KeyOption Suck in 50 Words

First of all, the website looks like someone in a hurry put together under 3 hours using WordPress. It’s laggy and a total mess! The worst part is that it’s almost impossible to find out who they are and they seem to be trying to fool their clients about regulation. After that they are just another fly by night white label so why bother when there are so many good SpotOption brokers out there.

Why KeyOption Doesn’t Suck in 50 Words

Normally, there is at least one or two things that are good with a brokerage, regardless of them being shady or not. In the case of KeyOption, aside from being a SpotOption broker, the good things are mostly absent. They claim to be regulated, by the Greek Capital Market Commission, but is that is yet to be proved.

KeyOption Review -The Key to Binary Options Trading

This broker is new, they started in 2015 and by the looks of it; they have a long way to go before they can use the slogan “KeyOption is a world leading firm in the binary option trading industry”. Seriously that just comes off as a big joke because they aren’t leading in much of anything that I can see. The website is laggy, slow and confusing. When I choose English, the platform that shows up is SpotOption, when you change language … well, that tends to mess things up a bit. Not to mention the trouble I had signing up and signing in. If that is a sign of how the platform functions I don’t want any.

So, who is KeyOption? That’s an interesting question and took a while to figure out. According to the website the broker is owned and operated by “Nuntius Brokerage & Investments, a financial services company authorized and regulated by the Greek capital market commission (HCMC) under the7/481/30.07.2008. Nuntius Brokerage & Investments Services is located at this address Dragatsanoiu.10559. Athens Greece..”

Oookay… so Nuntius is a regulated company in Greece and yes, it turns out that they are in fact a regulated and seemingly serious company in Greece but I couldn’t find any mentioning of KeyOption on the Nuntius website. After I did a little bit more research I found another section on their website that claims that: “Keyoption is owned and operated by The Comapny, situated at Tassou Papadopolou 6, Flat/Office 22, Agios, Dometius, 2373, Nicosia,Cyprus”

Again, it doesn’t make any sense… I googled the mentioned address (which remember is totally different from the Nuntius address) and it leads to “Broker Capital”. My browser didn’t let me enter the “Broker Capital” website because “it’s not safe” but this is what I found from another website:“WARNING: Do Not Open an Account With Broker Capital. We Have Not Been Able To Reach Anyone at the Company!”

Busted! Finally we found the right owner, but wait, there’s more. In the terms, the bonus terms, yet another company is listed. “Client is not required to accept any bonus offered by Fundsaver Services Ltd”. Surprise surprise, or maybe not. Fundsaver Services Ltd is blacklisted and has been warned several times by CySEC! This is taking the expression “something is fishy” to a whole new level. Nevertheless, KeyOption is definitely a fraud. I am also going to e-mail Nuntius, they might want to know that KeyOption is using their company name to fool traders. In conclusion, stay far far away from KeyOption!

Is KeyOption a Scam?

It sure looks that way. The broker is trying to use what appears to be fake regulation, and piggybacking on the name of Nuntius, to lure in unsuspecting traders. Not only that, there is evidence that the broker is a rebrand of a previously shut down brokerage. I think you have better choices.

KeyOption Ratings

User Friendliness 11/20User interface is the worst I have ever encountered. Laggy website, offline support, missing details and the education requires sign up. Overall it’s a dysfunctional and poorly made website. The only positive here is that there are 12 languages to choose from.

No. of Assets and Expiry time10/20The number of assets are very poor. I counted up to 50 assets in total, 17 stocks, 12 currencies, 8 commodities and 13 indices. Expiries are SpotOption style, every 15 min, short and long term.

Commissions, Support and Effective Return 10/20The highest return I could see on the SpotOption platform was at 82%. No visible refunds. The chat was offline even though I visited the website during different times and days.

Deposit, Payment and Bonus 14/20KeyOption accepts Skrill, WebMoney, Neteller, QIWI, VISA and mastercard and gives bonuses up to 5000$ if you are still dumb enough to register with them. The minimum deposit is quite high too, starting at 300$. Bonuses come with withdrawal restrictions and the required volume is 40 times your deposit.

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